https://www.taxtmi.com/highlights?id=74848 Addition u/s 56 - Issue of shares at premium - The ITAT recognizes that the holding company's value is directly impacted by the performance of its subsidiary and therefore supports the use of Discounted Cash Flow (DCF) Method for valuing the wholly owned subsidiary. - The Tribunal concludes that the method adopted by the assessee, which includes using Net Asset Value Method for its own shares and Discounted Cash Flow Method for valuing the subsidiary, is within the provisions of Rule 11UA of the Income Tax Rules. en-us Mon, 12 Feb 2024 10:29:28 +0530 Mon, 12 Feb 2024 10:29:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74848 Addition u/s 56 - Issue of shares at premium - The ITAT recognizes that the holding company's value is directly impacted by the performance of its subsidiary and therefore supports the use of Discounted Cash Flow (DCF) Method for valuing the wholly owned subsidiary. - The Tribunal concludes that the method adopted by the assessee, which includes using Net Asset Value Method for its own shares and Discounted Cash Flow Method for valuing the subsidiary, is within the provisions of Rule 11UA of the Income Tax Rules. Highlights Income Tax Mon, 12 Feb 2024 10:29:28 +0530 https://www.taxtmi.com/highlights?id=74848